The reasons for Venezuela’s economic collapse and the parallel demise of its social order are well publicized. The tale of decline of one of the wealthiest countries in South America to its present desultory state has been explained time and again. So why bring it up again?

Because the commentators, including those featured in the World Economic Forum, have not discussed the Chinese role in Venezuela’s fall from grace. As Chinese economic and foreign policy focuses on its One Road, One ... (read more)